SME Finance Forum member, Spartan SME Finance, has secured a R100-million investment from The SA SME Fund to anchor its R600-million debt financing fund, with half of the investment or R50-million, to be channelled to black African owned businesses, Ventureburn reports. 

The funding will be immediately available to Spartan SME Finance to boost its lending to SMEs. The debt fund is expected to finance at least 100 small and medium sized enterprises every year.